MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ELOIM
AND CO LTD |
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Registered Office : |
Kandan
Lane, Mont Fertile, New Grove |
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Country : |
Mauritius
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Date of Incorporation : |
14.06.2006 |
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Com. Reg. No.: |
63453 |
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Legal Form : |
Private |
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Line of Business : |
Dealers
in general hardware items and accessories, particularly specializing in the
importation and distribution of door and window fittings, raw-balls, pipe
clamp etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
NAME OF COMPANY
ELOIM
AND CO LTD
ADDRESS
KANDAN
LANE
MONT
FERTILE
NEW
GROVE
TEL:
(230) 627-7329
INCORPORATED
14.06.2006
STATUS
Private
CO NO
63453
DIRECTORS &
SHAREHOLDERS SHARES
Mr. Joel
KANDAN 10
ISSUED CAPITAL
RS
100,000
SIZE
The
company’s registered office is located at Kandan Lane, Mont Fertile – New
Grove.
ACTIVITIES
Dealers
in general hardware items and accessories, particularly specializing in the
importation and distribution of door and window fittings, raw-balls, pipe clamp
etc…
AREA OF COVERAGE
Since
the company’s creation in June 2006, the above concern has realized positive
results in appointing sales representatives and agents in the following countries
of the Indian Ocean Islands, besides Mauritius, namely The Seychelles,
Madagascar and Reunion.
REPRESENTATION
The
above is the appointed agent and distributor for Indian based supplier and
manufacturer of lock-doors, namely FARY International .
FINANCE
Sales
projected (1st Year) = RS 2.5 million
Estimated
stock in trade = RS 1 million
VOLUME:
2 containers for a value of RS 500,000 every 3 months.
TERMS
Generally
at sight 120 days D/A.
CREDITWORTHINESS
Subject
has stated that negotiations are actually being carried respecting an amount of
US 5,000.
REMARK
The
amount of your enquiry is doubtful as this will in any way reflect the
company’s capability to accommodate for such huge amount.
BANKERS
Barclays
Bank PLC – Port Louis.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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